ETF overview
The NYLI Merger Arbitrage ETF (MNA) is designed to replicate the price and yield performance of its benchmark, the NYLI Merger Arbitrage Index, prior to accounting for fund expenses. The Index itself aims for capital appreciation by strategically investing in companies worldwide that have publicly announced an acquisition offer. This distinct, passive methodology involves owning shares in these identified takeover targets, with the objective of generating returns characteristic of global merger arbitrage operations. Furthermore, in transactions involving an exchange of stock, the Index includes a short position in the acquirer's shares anticipated to be received by the target company's stockholders.
Fund facts
- Expense ratio
- 0.75%
- Fund assets
- 264.69M USD (all share classes)
- Issuer
- NY Life Investments
- Inception date
- Nov 17, 2009
- Number of holdings
- 66
Breakdown
Holdings (66)
| Name | Ticker | Weight |
|---|---|---|
| DREY INST PREF GOV MM INS | 5.31% | |
| Dominion Energy Inc | D | 4.01% |
| Kenvue, Inc. | KVUE | 4.00% |
| Roku, Inc. Class A | ROKU | 3.64% |
| Caesars Entertainment, Inc. | CZR | 3.56% |
| Bio-Techne Corporation | TECH | 3.44% |
| Organon & Co. | OGN | 3.38% |
| Equitable Holdings, Inc. | EQH | 3.34% |
| Globalstar, Inc. | GSAT | 3.27% |
| Synaptics Incorporated | SYNA | 3.20% |
| and 53 more | ||
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.75%
- Fund assets
- 264.69M USD (all share classes)
- Issuer
- NY Life Investments
- Inception date
- Nov 17, 2009
- Number of holdings
- 66
| Name | Ticker | Weight |
|---|---|---|
| DREY INST PREF GOV MM INS | 5.31% | |
| Dominion Energy Inc | D | 4.01% |
| Kenvue, Inc. | KVUE | 4.00% |
| Roku, Inc. Class A | ROKU | 3.64% |
| Caesars Entertainment, Inc. | CZR | 3.56% |
| Bio-Techne Corporation | TECH | 3.44% |
| Organon & Co. | OGN | 3.38% |
| Equitable Holdings, Inc. | EQH | 3.34% |
| Globalstar, Inc. | GSAT | 3.27% |
| Synaptics Incorporated | SYNA | 3.20% |
| and 53 more | ||
The NYLI Merger Arbitrage ETF (MNA) is designed to replicate the price and yield performance of its benchmark, the NYLI Merger Arbitrage Index, prior to accounting for fund expenses. The Index itself aims for capital appreciation by strategically investing in companies worldwide that have publicly announced an acquisition offer. This distinct, passive methodology involves owning shares in these identified takeover targets, with the objective of generating returns characteristic of global merger arbitrage operations. Furthermore, in transactions involving an exchange of stock, the Index includes a short position in the acquirer's shares anticipated to be received by the target company's stockholders.
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